#Summer17 Holiday Guide
shore-2910692-960-720jpg

Stay financially fit during the summer break

It’s a familiar feeling for many – the summer holidays are over, the family has departed, the decorations have been packed away, and your bank balance is looking a lot less healthy than it usually does.

For many South Africans, responsible finance behavior goes out the window over the festive season. Here are some ways to manage your finances successfully – no matter where you are!

Make a budget Between travel costs and festive season celebrations, your usual monthly budget is going to look very different come festive season.

If you celebrate Christmas, be smart about gifting. Make a list (and check it twice) of people that you want to buy a gift for – then set a spending limit. Whether it’s an overall spend limit, or a per-person budget, decide upfront and then stick it.

Account for all of the seemingly small extras that pile up along the way – Christmas wrapping, roadside lunches, sundowners, taxis, and holiday dinners with friends and family.

Pack your own food and drinks where you can, choose dinners at home over restaurant meals, and ask your guests to contribute a bottle of wine or a dessert when they visit.

Pay your bills on time Phone accounts, electricity, insurance, credit card repayments… None of these go away in December (as much as we would like them to!)

Set a reminder on your phone and pay as soon as it pops up. Your bank’s app will allow you to safely and easily pay your bills no matter where you are – be it pool-side, mountain-side, on the beach or in the mall.

Track your spending It’s easy to swipe your card again and again without realizing how much money you’re actually spending. If you don’t have notifications sent to your phone each time you swipe, now is the time to enable them!

Check your bank balance regularly so that you’re not left with a shock come month-end. Download your bank’s app to have easy access to your bank account, wherever you are.

Pay careful attention to what you spend and where – and keep a close eye on odd transactions, and report them to your bank immediately.

With the new Nedbank Money App you can do all of this, and more – quickly, conveniently, and safely. You can bank anytime, anywhere – from the beaches of Cape Town to the bustling city life of Johannesburg.

Make payments in seconds, effortlessly block lost cards, buy electricity and airtime, change your limits and manage your debit orders all from the palm of your hand.

Download the Nedbank Money App today from the iTunes App Store or get it on Google Play.


This article first appeared on 947 : Stay financially fit during the summer break


Recommended

by NEWSROOM AI
Read More
3 tips on how to survive 'Janu-worry' after the festive season

3 tips on how to survive 'Janu-worry' after the festive season

Personal finance expert Frank Magwegwe chats to Azania Mosaka about tips to recovering from the holiday spending binge.

The best of Azania's 702 Unplugged in 2017

The best of Azania's 702 Unplugged in 2017

We go down memory lane and enjoy some of the local artists who performed live and unplugged on the Azania Mosaka Show

What's hot in Joburg this New Year's Eve

What's hot in Joburg this New Year's Eve

Now that Christmas is over, time to finalise those New Year's Eve party plans for an epic countdown to 2018

‘Only 3 out of 5 people do not modify their holiday recipes to be healthier’

‘Only 3 out of 5 people do not modify their holiday recipes to be healthier’

Mr Active also known as David Katz gives his top tips in maintaining a healthy lifestyle during the festive period.

A list of local books that are a must-buy for Christmas

A list of local books that are a must-buy for Christmas

Owner of Bridge Books, Griffin Shea chats to #WeekendBreakfast Phemelo about the different books to read this Christmas.

[LISTEN]  Gadgets you may want to gift this festive

[LISTEN] Gadgets you may want to gift this festive

Tech guru Aki Anastasiou suggests a few gifts you may want to get for your family and friends.

Popular articles
Hits from the bong (it’s legal!)… then off to work I go?

Hits from the bong (it’s legal!)… then off to work I go?

The consequences of consuming dagga at home and showing up at the office high. Bruce Whitfield interviews a labour lawyer.

Tax ombud to probe Sars – yet again - after taxpayers complain

Tax ombud to probe Sars – yet again - after taxpayers complain

The Money Show’s Bruce Whitfield interviews Adv. Eric Mkhawane, CEO at the Office of the Tax Ombud.

[LISTEN] 'Lesufi has been attacking Afrikaans schools since 2014'

[LISTEN] 'Lesufi has been attacking Afrikaans schools since 2014'

The Freedom Front Plus says the Gauteng Education MEC has flouted school language policies and is destroying Afrikaans.

'We can barely enforce tobacco legislation, how will we to deal with dagga?'

'We can barely enforce tobacco legislation, how will we to deal with dagga?'

International law enforcement expert and former Drug Unit Commander Lobo das Neves says ruling opens a different can of worms.

Comair reports record earnings, 72nd profitable year in a row – a world record!

Comair reports record earnings, 72nd profitable year in a row – a world record!

Recession, soaring fuel costs and surplus capacity - yet profits keep coming! Bruce Whitfield interviews Comair CEO Erik Venter.

Basic Education to introduce Kiswahili and coding to SA's curriculum

Basic Education to introduce Kiswahili and coding to SA's curriculum

Basic Education spokesperson Elijah Mhlanga spoke to Joanne Joseph on the Afternoon Drive to elaborate.